Nutanix Hits $166.8 million in Quarterly Sales, up 90% YoY

Nutanix reported first quarter FY 17 revenue of $166.8 million, growing 90.1% year-over-year from $87.8 million in the first quarter of fiscal 2016.  Billings were $239.8 million, growing 86.9% year-over-year from $128.3 million in the first quarter of fiscal 2016. GAAP net loss of $162.2 million, compared with a net loss of $38.5 million in the first quarter of fiscal 2016.

“The time warp between an enterprise-friendly VMware and a consumer-friendly AWS is our cloud opportunity,” said Dheeraj Pandey, chairman and CEO of Nutanix. “Our first quarter results are reflective of the strength of our thesis on how enterprise computing will morph in the coming three to five years.”

Nutanix ended the first quarter of fiscal 2017 with a total of 4,473 end-customers, adding a total of 705 end-customers during the quarter. Cumulative end-customers with lifetime bookings over $1 million grew to 256 in the quarter.

http://www.nutanix.com